Dear all,

Good day!

I'm considering to move from my own condo at Selayang to somewhere near to bukit jalil in 1-2yrs time. Reasons: closer to work location, more education options around for my kid (from primary to uni), better job opportunities at this area for our field.

Currently looking at subsales nearby bukit serdang or seri kembangan, as in looking for low density low rise villa, townhouse for own stay. Hardly can find this concept anymore with new projects nearby, however if you know of any please feel free to advise.

My current plan is rent out current condo and buy another one.

However, my main concern currently is 2023 a good time to buy? Will the price continue to drop due to economy slow down?

I have shortlisted a few units where the asking price is sightly below owners nett purchased price 8 years back.

Considering that I don't have any financial concerns, should I proceed or continue to look see look see for better deals or lower price?

Thanks and happy near year!

“I have shortlisted a few units where the asking price is sightly below owners nett purchased price 8 years back.”
This is really mind-blowing and jialat.
It is an indicator of something?

TS why not looking at New Project?

This post has been edited by trainmaster: Jan 2 2023, 01:25 PM

If you are buying for own 'consumption', go ahead if you like the place and within your affordability.

The bad time was yesterday, good time today and uncertainty tomorrow.

Many will tell you there are plenty in the market and to take your time BUT those that you like are always limited in supply.

go ahead if you like it especially for own stay.

Hmm.. I have already surveyed quite a few projects, mostly the current asking price is like that, below owner's nett purchased price. Even my current condo also the same, owners are letting go at 5-10% below nett purchased price.

But most of the projects are mainly for own stay, not really for rental or investment purpose one la.

Yes true that, that's what I am thinking also. They always mention they are plenty in the market but is not easy to find many that really fits my requirements haha.

Just worry now may not be the best time to buy as property price may go further down? Haha since my planning is in 1-2yrs time, but if got good deal then I don't mind to buy it now..

In your condo, why are owners letting go at a loss?
Got anything fishy?

So far not really anything fishy. To me the condo is fine just that I would like change location.

Owners that I know they are letting go at lower price because they are desperate to sell it, but not was it sure due to financial problem or what. Also, there are 1-2 new projects nearby, whereby the price is almost similar to my condo, but much higher density and smaller sqft, the good thing is, zero down payment, attractive packages from developer. That's why my condo price cant sell too high, else, buyers would opt for new projects, less burden for upfront cash.

TS working at Bukit Jalil?

There is few new project at Puncak Jalil, its very close to Bukit Jalil. I have a condo there too, will be completed in 2nd quarter this year.

Im looking for subsale for this area too. But be careful with Puncak Jalil area, most of the houses were built by Talam Corporation, so u know the quality lah.

I think you and I we are quite similar. I am looking to buy another unit but holding off until I get a better price. Sure no one can guarantee prices will drop further but since a recession is pretty much confirmed, I think I'll wait to see if I can get another 20% discount. I'm in no hurry.

This has been happening for a few years now. I know a few people close to me in this situation. It is only going to get worse. Gone are the days where buy property guaranteed profit.

if you have no financial concern then just go ahead

every year also hope for property price to go down then the pigs can fly d

This is a reminder to everyone as to how weak the current market is beyond aspirational properties in areas people would like to upgrade to. You will most likely lose money unless you live in it or find some other utility so don’t call it an investment, it is a privilege.

It will become a more utilitarian form of investment or purchase where you buy what suits you at a given time if you can sell off your heavy bags.

This post has been edited by Cavatzu: Jan 2 2023, 07:40 PM

I would buy now, reasons:
1) age - hold 2 years meaning I would have to shorten loan tenure by 2 years or settle all my loan 2 years later etc.
2) inflation - not only inflation on property price but inflation on renovation costs. May find the best ever deal that save 20k in next 2 years but end up pay 50k more on renovation.

Puncak jalil houses really that bad huh? That location is actually quite good and once in my consideration list too. Affordable terrace subsales, any recommendation?

I am currently staying in a highrise and density like 900++ units, I don't think will be moving to another highrise again.

Exactly! Yes, I know no one can guarantee the price drop or up, but what I plan to do is to offer like 15-20% down from their asking price after I confirm which unit to buy. Since I am not in hurry too, so just offer and wait lo. Haha.

Ya that condition has been happening for years during MCO until now already

Hahaha, yea many told me the same, if own stay just go ahead, if investment then otherwise.


Thanks for the advice mate, yeah inflation on house price and renovation cost is no joke. Sigh.

Your plan to simply offer 15% below asking price wouldn't work if the asking price is already the market price. Anything 15% below market price would have taken by the seller's neighbours etc. Agent's close clients etc. before it comes to you and you would be wondering why it comes to you. Do a proper survey and understand the market price and your options then make a proper offer if you are serious.
For subsales, survey and ask the seller anything concern you for example if anyone killed himself in this unit, is there any known structural issues etc.

But so many list at their SPA price and hope against hope that someone will take it. There are certain locales where they have been devalued from their SPA price by up to 50% or even more. People hopefully are wary of this.

Even if miracles do happen, owner will not have the ability to dispose.

is your workplace location permanent though? own business? how sure are you that you wont change work few years down the road.

During my early days in KL, I lived in Cheras. Never like the place and couldnt see myself rooting there.

So decided to shift to a new locations which is much further from my working place. Initially, it was difficult trying to settle down but soon things were back to normal. Got a new job nearer my new home and the rest was history.

Never regretted the move and most important, the property prices also appreciated.

Conclusion ... is easier to change job than to change a property. As human, we are mobile and flexible, so moving around is no issue.

Those migrated are good examples.

Opps sorry, should be 5-8%, sorry for wrong calculation. 15% is a bit too much. LOL.
Ya currently surveying with one of the very helpful existing owner from the project.


True, if for newer projects and the young owner is taking 35yrs loan, that might be the case, similar to my current condo, if i sell at current market asking price, i need to top up 40-50k for loan outstanding, MOT, agent comm and etc.

Not own business, but for my wife, her potential workplace is mainly around that area, Bukit Jalil. For me, i am ok as my time is flexible, any location would do for me.

What i would like to have is shorter travelling time for my wife and education options for my son in future. My current location is quite bad and limited on this, got to admit i made a wrong decision for my first property. sigh. But good thing is, high rental demand here and the rate also acceptable. So, still can rent it out to lepas tangan.